Emerson Electric Co. (NYSE:EMR) Shares Acquired by Assetmark Inc.

Key Points

• Assetmark Inc. increased its holdings in Emerson Electric Co. by 19.9%, acquiring an additional 1,738 shares, bringing its total to 10,453 shares valued at approximately $1.146 million.
• Various institutional investors have significantly boosted their positions in Emerson Electric, with DZ BANK AG increasing its stake by over 3,866% in the fourth quarter.
• Emerson Electric recently reported an EPS of $1.48, exceeding analysts' expectations, alongside a quarterly dividend of $0.5275 per share, indicating a strong financial performance.

Assetmark Inc. raised its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 19.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,453 shares of the industrial products company's stock after purchasing an additional 1,738 shares during the quarter. Assetmark Inc.'s holdings in Emerson Electric were worth $1,146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in shares of Emerson Electric by 74.1% during the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock worth $1,412,000 after purchasing an additional 4,850 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Emerson Electric by 208.2% during the 4th quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 202 shares during the last quarter. Meeder Advisory Services Inc. increased its holdings in shares of Emerson Electric by 1.8% in the fourth quarter. Meeder Advisory Services Inc. now owns 15,145 shares of the industrial products company's stock worth $1,877,000 after purchasing an additional 274 shares during the last quarter. RFG Bristol Wealth Advisors LLC purchased a new stake in shares of Emerson Electric in the fourth quarter worth about $247,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in Emerson Electric by 213.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 632,614 shares of the industrial products company's stock valued at $78,400,000 after buying an additional 430,838 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer directly owned 164,957 shares of the company's stock, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on EMR. Royal Bank Of Canada raised their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. lifted their target price on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Bank of America increased their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Robert W. Baird cut their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and an average price target of $142.28.

Emerson Electric Stock Up 0.7%

Shares of NYSE EMR traded up $1.03 during midday trading on Monday, reaching $142.81. 2,821,674 shares of the company's stock traded hands, compared to its average volume of 3,082,185. The company has a market cap of $80.33 billion, a price-to-earnings ratio of 34.20, a P/E/G ratio of 2.75 and a beta of 1.32. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. The stock's 50 day simple moving average is $133.64 and its 200-day simple moving average is $121.29.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same period last year, the business posted $1.36 EPS. The business's revenue was up 1.3% compared to the same quarter last year. On average, analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, May 16th. Emerson Electric's payout ratio is 50.48%.

Emerson Electric Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.